I lost money in the first two years of trading cryptocurrencies, but I made a profit in the following five years! After much trial and error, I have summarized 5 key short-term trading principles. The content is concise but highly valuable. If you think it makes no sense after reading, feel free to say whatever you want!
1. Don't rush to buy when prices are high, and don't sell hastily when prices are low: When the market is at a high, wait a little; when it’s low, don’t rush to sell. Act when the trend is clearer.
2. Be cautious in sideways markets: When the market is moving sideways, operate with caution.
3. Make decisions based on K-line charts: When a bearish line appears, you can try buying; when a bullish line shows up, consider selling, following the trend.
4. The strength of the decline determines the strength of the rebound: A slow decline leads to a weak rebound; a rapid decline often results in a strong rebound.
5. Use a pyramid strategy for building positions: Buy in batches, increasing the amount bought as prices drop, gradually lowering the cost.
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